Double-Entry System Exercise 3.Received $3,200 advance on a management consulting engagement. Stockholders' Assets = Liabilities + Equity +3,200 +3,200 Chapter 3-16 LO 2 Explain double-entry rules
Chapter 3-16 = + + 3,200 + 3,200
Double-Entry System Exercise 4.Received cash of $2,300 for services completed for Shuler Co. Stockholders' Assets = Liabilities + Equity +2,300 +2,300 (revenue) Chapter 3-17 LO 2 Explain double-entry rules
Chapter 3-17 = + + 2,300 + 2,300 (revenue)
Double-Entry System Exercise 5.Purchased a computer for $6,100. Stockholders' Assets = Liabilities + Equity +6,100 -6,100 Chapter 3-18 LO 2 Explain double-entry rules
Chapter 3-18 = + + 6,100 - 6,100